Search
Japan's Ministry of Agriculture has issued an international tender for the purchase of 115,208 tonnes of wheat from the US and Canada for loading in September, an official note published by the ministry showed on Tuesday July 16.
Taiwanese feed buyer MFIG is in the market for up to 65,000 tonnes of optional-origin corn via a tender which closes on Wednesday July 17, sources told Fastmarkets.
US corn and soybean crop conditions were unchanged in the week to Sunday July 14, while spring wheat and barley conditions improved, the USDA’s weekly crop progress report showed on Monday July 15.
Brazilian soybean exports kept at a strong pace in July, while corn shipments struggled to keep up with last year’s figures, customs data showed late on Monday July 15.
US soybean crush declined sharply in June 2024, down from a record monthly high in May, according to the latest data released by the National Oilseed Processors Association (NOPA) on Monday July 15.
Export inspections of US corn increased by 5% to 1,078,911 tonnes during the week to Thursday July 11, near the top range of analysts' estimates, data from the USDA released on Monday July 15 showed.
Export inspections of US wheat advanced by 55.5% to 533,828 tonnes during the week to Thursday July 11, up from 343,359 tonnes the previous week, according to data from the US Department of Agriculture (USDA) released on Monday July 15.
Export inspections of US soybeans were down 43% to 168,593 tonnes during the week to July 11, from the 294,209 tonnes recorded a week earlier, data from the US Department of Agriculture (USDA) showed on Monday July 15.
Managed money investors in the US soybean and corn markets accumulated short positions in the week to Tuesday July 9, sending net short positions to record highs, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday July 12.
Canada's top crop-growing regions recorded variable rain over the week but overall drier conditions were reported, revealing poorer topsoil and subsoil conditions following excessive showers last week, as reported in local provincial reports collated by Fastmarkets.
The Rosario Grains Exchange (BCR) has cut its estimates for Argentina’s wheat crop area, leading to a reduction in the country’s output to 20.5 million tonnes from last month’s forecast of 21 million tonnes, the exchange said in its monthly report on Friday July 12.
Russian exporters have started the new marketing year at a relatively sluggish pace after a record-breaking previous season, with 618,246 tonnes of wheat shown as exported from the country’s Black Sea ports in the July 1-12 period, a Fastmarkets analysis of port line-up data showed on Friday July 12.
The US hard red winter (HRW) harvest is 34% complete while the soft red winter (SRW) harvest is winding down, the latest harvest report from the US Wheat Associates (USWA) showed on Friday July 12.
The USDA boosted its estimates of US wheat stocks, production, exports and consumption for the 2024/25 marketing year, while also increasing its global ending stocks and output projections, Fastmarkets has learned.
The USDA cut its forecast for US ending stocks for 2024/25 below expectations, while reducing US soybean crop output in line with the average market projections, its World Agricultural Supply and Demand Estimates (WASDE) report showed on Friday July 12.
Soyoil future prices spiked after the USDA reported its monthly World Agricultural Supply and Demand Estimates (WASDE) report on Friday July 12 with a cut to US ending soybean stocks for both crops.
The USDA expects larger supplies, higher consumption, more exports and lower ending stocks for the US 2024/25 new corn crop compared with June’s projections, according to the agency’s monthly update to its influential World Agricultural Supply and Demand Estimates (WASDE) report on Friday July 12.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
The Russian government has marginally increased the wheat export tax for the week of July 17-23, but left corn and barley taxes at zero, an official update from the agriculture ministry showed on Friday July 12.